KNIGHTFORD LIMITED

Company Registration Number:
11818901 (England and Wales)

Unaudited statutory accounts for the year ended 28 February 2023

Period of accounts

Start date: 1 March 2022

End date: 28 February 2023

KNIGHTFORD LIMITED

Contents of the Financial Statements

for the Period Ended 28 February 2023

Directors report
Balance sheet
Additional notes
Balance sheet notes

KNIGHTFORD LIMITED

Directors' report period ended 28 February 2023

The directors present their report with the financial statements of the company for the period ended 28 February 2023

Principal activities of the company

Construction development on new build housing projects.



Directors

The director shown below has held office during the whole of the period from
1 March 2022 to 28 February 2023

Arvils Bekeris


The above report has been prepared in accordance with the special provisions in part 15 of the Companies Act 2006

This report was approved by the board of directors on
3 November 2023

And signed on behalf of the board by:
Name: Arvils Bekeris
Status: Director

KNIGHTFORD LIMITED

Balance sheet

As at 28 February 2023

Notes 2023 2022


£

£
Fixed assets
Tangible assets: 3 36,373 42,582
Total fixed assets: 36,373 42,582
Current assets
Stocks: 4 7,108 8,284
Debtors: 5 9,427 11,362
Cash at bank and in hand: 14,204 15,753
Total current assets: 30,739 35,399
Creditors: amounts falling due within one year: 6 ( 7,443 ) ( 15,088 )
Net current assets (liabilities): 23,296 20,311
Total assets less current liabilities: 59,669 62,893
Creditors: amounts falling due after more than one year: 7 ( 3,000 ) ( 3,000 )
Provision for liabilities: ( 5,921 ) ( 3,764 )
Total net assets (liabilities): 50,748 56,129
Capital and reserves
Called up share capital: 1 1
Profit and loss account: 50,747 56,128
Total Shareholders' funds: 50,748 56,129

The notes form part of these financial statements

KNIGHTFORD LIMITED

Balance sheet statements

For the year ending 28 February 2023 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen not to file a copy of the company's profit and loss account.

This report was approved by the board of directors on 7 November 2023
and signed on behalf of the board by:

Name: Arvils Bekeris
Status: Director

The notes form part of these financial statements

KNIGHTFORD LIMITED

Notes to the Financial Statements

for the Period Ended 28 February 2023

  • 1. Accounting policies

    Basis of measurement and preparation

    These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

    Turnover policy

    The turnover shown in the profit and loss account represents amounts invoiced for work carried out during the year, exclusive of Value Added Tax.

    Tangible fixed assets depreciation policy

    Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to 'write off' the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases: Plant and machinery - 20% straight line, Fixtures and fittings - 33.33% straight line, Equipment - 25% straight line, Motor vehicles - 25% straight line.

    Other accounting policies

    Taxation - The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date. Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference. Stocks - Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition. Provisions - Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event, it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense. Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are listed in profit or loss unless the provision was originally recognised as part of the cost of an asset. When a provision is measured at the present value of the amount expected to be required to settle the obligation, the unwinding of the discount is recognised as a finance cost in profit or loss in the period it arises. Basis of Preparation - The financial statements are prepared under the historical cost convention and in accordance with the FRS 102 Section IA Small Entities - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.

KNIGHTFORD LIMITED

Notes to the Financial Statements

for the Period Ended 28 February 2023

  • 2. Employees

    2023 2022
    Average number of employees during the period 1 3

KNIGHTFORD LIMITED

Notes to the Financial Statements

for the Period Ended 28 February 2023

3. Tangible assets

Land & buildings Plant & machinery Fixtures & fittings Office equipment Motor vehicles Total
Cost £ £ £ £ £ £
At 1 March 2022 22,826 5,143 13,634 37,450 79,053
Additions 5,710 1,012 2,306 4,995 14,023
Disposals
Revaluations
Transfers
At 28 February 2023 28,536 6,155 15,940 42,445 93,076
Depreciation
At 1 March 2022 10,076 1,800 6,195 18,400 36,471
Charge for year 5,707 2,051 3,985 8,489 20,232
On disposals
Other adjustments
At 28 February 2023 15,783 3,851 10,180 26,889 56,703
Net book value
At 28 February 2023 12,753 2,304 5,760 15,556 36,373
At 28 February 2022 12,750 3,343 7,439 19,050 42,582

KNIGHTFORD LIMITED

Notes to the Financial Statements

for the Period Ended 28 February 2023

4. Stocks

2023 2022
£ £
Stocks 7,108 8,284
Total 7,108 8,284

KNIGHTFORD LIMITED

Notes to the Financial Statements

for the Period Ended 28 February 2023

5. Debtors

2023 2022
£ £
Trade debtors 9,427 11,362
Total 9,427 11,362

KNIGHTFORD LIMITED

Notes to the Financial Statements

for the Period Ended 28 February 2023

6. Creditors: amounts falling due within one year note

2023 2022
£ £
Trade creditors 2,327 6,596
Taxation and social security 5,116 8,492
Total 7,443 15,088

KNIGHTFORD LIMITED

Notes to the Financial Statements

for the Period Ended 28 February 2023

7. Creditors: amounts falling due after more than one year note

2023 2022
£ £
Other creditors 3,000 3,000
Total 3,000 3,000